Over the past decade, the Thar desert subdistrict of Islamkot, located in district Tharparkar, has experienced a dramatic transformation. What was once a mostly barren landscape has now given way to expanding infrastructure with the distinctive stamp of industrialisation. This change, accelerated by the development of Pakistan’s largest lignite coal reserves, is often welcomed as a sign of nati
The Competition Commission of Pakistan (CCP) has raised concerns over the Pakistan Telecommunication Company Ltd (PTCL)’s non-cooperation and delay in providing critical information required for evaluating its proposed merger with Telenor Pakistan through Ufone. The watchdog cited potential competition risks and warned of cross-subsidisation between PTCL and Ufone, both of which operate under
The Organic Meat Company Ltd (TOMCL) has signed a new export contract worth $8.1 million with UAE-based Gold Crest Trading FZE for the supply of frozen boneless beef, expanding its footprint in the Gulf market amid growing demand for Pakistani meat products. In a filing with the Pakistan Stock Exchange on Monday, TOMCL said the beef will be exported for industrial and household processing in th
The World Bank announced on Monday the opening of a new regional hub in Riyadh, to serve the Middle East, North Africa, Afghanistan, and Pakistan (MENAAP) region. The Riyadh Hub brings the World Bank’s leadership closer to country teams, clients and regional partners. The MENAAP’s regional Vice President and regional practice directors have relocated to Riyadh, marking a new chapter in the Worl
The Pakistan Stock Exchange (PSX) kicked off trading on a positive note on Tuesday, with the benchmark KSE-100 Index gaining over 700 points during the opening minutes of trading. At 9:35am, the benchmark index was at 158,318.81, an increase of 764.15 points or 0.49%. Buying was observed in key sectors, including automobile, cement, commercial banks, oil and gas exploration, OMCs, and power